I’ve been observing Mr Steven Dux as much as possible through social media. He doesn’t give a lot away but there are a few things I’ve noticed about him. He’s very meticulous and he’s a big believer in memorizing information. Now Mr Dux, if I am incorrect about this please say so.
If you look at his Twitter media you will notice that he often has hand written notes, stock charts and graphs. If you don’t know what I mean, take a look at these two images from his Twitter feed:
I’m not particularly sure why he has chosen to do these things by hand but it may be a safe assumption that it’s to retain the information better. Mr Dux certainly has the funds to afford a printer so there is clearly a reason why he continues to use hand notes. I suspect this is because writing things by hand coupled memorization is an optimal learning strategy. Take note of the following two images. The first one is from his upcoming DVD where he has included a slide concerning memorization and the importance of remembering charts. The second image is a Tweet where he talks about ‘printing’ charts in his head:
It makes sense to put an emphasis on memorisation. Essentially, it’s desirable to know the patterns so well that you can recognise them immediately. If you can recognise them immediately then you will know what they signal and what the best statistical response is. Things can move so fast in the penny stocking world that whilst having a solid plan is critical you also need good instincts and experience to make those tough calls.
Experience takes time to accumulate and this can be frustrating. However by memorising the past, including the charts and lessons of those plays, the time investment required can be dramatically reduced.
In the next blog post I will discuss how I have approached memorization including, in my opinion, the most efficient techniques.